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The Latest Breaking News from IRS

S.K. Mishra | The ‘indispensable’ director

Sanjay Kumar Mishra was first appointed interim Director of the ED for three months in October 2018 before he was made the full-time chief in November 2018 for a two-year fixed tenure. In November 2020, when his tenure was coming to an end, the Union government quietly extended it with…

The Hindu

The 10-Year Rule for Inherited IRAs

The IRS’ interpretation of the 10-year clean-out rule on inherited IRAs can be complicated.

Kiplinger

Tax complaint filed against rightwing parents’ rights group Moms for Liberty

Michigan attorney alleges organization, named an extremist group by Southern Poverty Law Center, in violation of non-profit status

The Guardian - US

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In Alsip red-light-camera investigation, feds have done new interviews, issued subpoenas

Investigators recently approached or interviewed current and former village officials, asking how Alsip chose SafeSpeed as its red-light-camera contractor.

Chicago Sun-Times

One Way to Secure Your Child’s Inheritance in an Uncertain Tax Future

Sometimes it might take an IDGT, or intentionally defective grantor trust, to preserve generational wealth. But how does that work?

Kiplinger

What comes next for Hunter Biden after plea deal derails?

US President Joe Biden’s son faces a criminal case and investigations in Congress. Here’s what you need to know.

Al Jazeera

What's next for Hunter Biden in court and Congress after his plea deal derails

The unraveling of Hunter Biden’s plea agreement has thrust his criminal case into uncertain waters and given new fodder to Republican critics in Congress as they push ahead with investigations into the president’s youngest son

The Independent UK

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Income Taxes and Your Social Security Benefit

Many who receive Social Security will owe taxes on some of their benefits. Here’s how that works, plus ways to reduce taxable income in retirement.

The Street

How Interest Income, Dividends, and Capital Gains are Taxed

Learn how investment income is taxed in the U.S., including the tax treatment of interest, dividends, and both short-term and long-term capital gains.

The Street

Impeach Biden? Yeah, they just might

The spineless speaker will ultimately do whatever Trump and MTG want. We know what that is — and it might work

Salon

GOP try to block Hunter Biden plea deal at Delaware court hearing

The last-ditch filing from Rep Jason Smith kicked off a firestorm in Delaware court, which culminated in the judge threatening to sanction Hunter Biden’s attorneys

The Independent UK

Hunter Biden's guilty plea is on the horizon, and so are a fresh set of challenges

President Joe Biden’s son, Hunter Biden, faced new challenges on the eve of a scheduled court appearance Wednesday in which he’s set to plead guilty in a deal with prosecutors on tax and gun charges

The Independent UK

Why the IRS Shouldn't Literally Be Knocking at Your Door

The IRS is changing a longstanding practice that involved collecting tax debts through tens of thousands of unannounced home visits.

Kiplinger

IRS Email Scams to Watch Out for This Summer

The IRS has seen an increase in email scams this summer. If you see these tax-related messages in your inbox, don’t open them.

Kiplinger

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Zenger

GOP House Speaker Suggests Biden Probe Reaching Impeachment Level

Kevin McCarthy cites IRS whistleblowers and foreign funds investigation as evidence

The Guardian - US

McCarthy raises Biden impeachment threat during Fox News interview

House speaker says he expects Republican investigation into family’s business affairs ‘to rise to the level of impeachment inquiry’

WEKU

The IRS will stop making most unannounced visits to taxpayers' homes and businesses

The agency said instead it will send letters to certain taxpayers to set up face-to-face meetings.

Zenger

Rep. Raskin Likens Political Climate To Shakespeare’s ‘The Tempest’

Raskin draws parallels between current tumultuous landscape and Shakespearean play, emphasizing role of technology.

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Kiplinger

IRS Tax Deadline Approaching for Storm Victims in These 4 States

The IRS extended the tax deadline to July 31 for storm victims in several states. Here are the counties in four states that need to file — and pay — federal taxes soon.

Reason

IRS Whistleblowers Claim Political Interference in Hunter Biden Investigation

Out with the old corruption and in with fresh scandals.

The Independent UK

Tony Bennett: the Great American Songbook crooner

The US singer successfully bridged the worlds of pop music and jazz on a global scale for more than 60 years

Kiplinger

IRS Self-Employment Tax Audits of LLC, LP Members Kiplinger Tax Letter

Some LLC and LP members who don’t pay SECA taxes are on the IRS’s radar.

Kiplinger

Living Abroad for a While? Shakira Case Shows Taxes Matter — Wherever

Colombian pop star Shakira is facing a second investigation for alleged tax fraud in Spain in a case that shows how residency and living in another country can affect your tax bill.

Investors Business Daily

EV Tax Credits: All The 2023, 2024 Cars And Trucks That Get $7,500

To earn the biggest federal EV tax credit, check the full list of 2023 and 2024 electric cars and trucks that qualify and learn how to get it.

Salon

MTG's Hunter Biden "d**k pics" backfire

AOC told Greene to look at Matt Gaetz if she wanted to follow evidence of "sex trafficking"

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People

Marjorie Taylor Greene

Alexandria OcasioCortez

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